Wine Economics

Five Food and Drink Trends for 2025 from Bidfood +CGA by NIQ

Bidfood, a leading foodservice provider in the UK, has published its forecast of key food and beverage trends for the out-of-home market in 2025. CGA by NIQ, a research firm, served as Bidfood’s strategic research partner for this annual trend report. As well as value, quality and elevated experiences, this year’s trends are influenced by […]

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WineGB calls for further support from Government for wine exports

WineGB is calling on the government to provide additional support to promote the growth of GB wine sales overseas through exports. The percentage of sales from export has doubled in two years from 4% in 2021 to 8% in 2023. Currently, British wines are exported to 45 countries, with the largest markets being Norway, Japan,

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New Study Shows Growing Visitor Diversity and Spending in Napa Valley

Visit Napa Valley just announced the release of its 2023 Visitor Profile and Economic Impact Study. The research report finds that visitor spending and related tax revenue have surpassed pre-pandemic levels, highlighting the Napa Valley’s positive trajectory in tourism recovery following the devastating global COVID-19 pandemic and California wildfires. Among the key findings in the

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EU Wine Consumption in 2023: A Marginal Decline Amid Industry Challenges

In 2023, EU member states represented 48% of global wine consumption – drinking 107 million hectolitres. This figure reflected a ‘marginal’ decrease of 1.8% compared to 2022. However, the number was more than 5% below its ten-year average as multiple headwinds buffeted the industry. Source: oiv

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Sweden Seeks to be Winemaking’s Next Frontier

Far north of iconic wine regions like Bordeaux and Tuscany, Sweden is seeing a burgeoning industry of vineyards and a first generation of winemakers trying to carve out a niche. “There are millions of techniques, and I don’t have a grandfather or grandmother to ask. So we need to figure it out ourselves,” Lena Magnergard

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Wine Industry Data: 2023 Europe Wine Consumption

In 2023, EU member states accounted for 48% of global wine consumption, totalling 107 million hectolitres. This volume marked a slight decline of 1.8% compared to 2022. Nevertheless, this consumption level was over 5% below the decade-long average, as the industry faced several challenges. Source: OIV

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Spirits set to overtake wine as global drinking habits change

According to a report from the World Spirits Alliance released on Wednesday, global sales of spirits such as vodka and whisky are expected to surpass wine as drinking preferences have shifted. The report from Oxford Economics and alcohol market research firm IWSR states 2.67 billion cases of spirits were sold in 2022, almost as many

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The 10 Most Expensive Wines in the World

Few things in the world improve in quality and value with age. Aged wine is one of those things, defined by elegance, rarity and finesse. If you are drawn to the thrill of owning something truly one of a kind, this niche market will certainly appeal to you. We’ve all heard the expression “aging like

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Results are in for London Wine Fair’s “Judgement of London”

London Wine Fair’s Judgement of London took place this week, and the results are now in. 32 wines were tasted over a period of four hours by 21 judges, a selection of the UK’s best palates, two-thirds of which were either Masters of Wine or Master Sommeliers. The wines, all of which were decanted and

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South African wine industry delivers exceptional harvest despite climatic challenges

Despite facing frost, floods, and unpredictable weather, South African wine producers have delivered an exceptional 2024 harvest, according to a recent report. This season showcases the industry’s adaptability and resilience, promising wines of outstanding quality. The current report indicates that’s that the 2024 harvest season has been a journey defined by meticulous planning, and the

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